A PYMNTS Company

India: Gov says it detected no violation in airfare surge

By  |  February 7, 2017

Amid concerns over sudden spike in airfares in some sectors, Government today said in the Rajya Sabha that there has been no anti-competitive or predatory pricing behaviour by the airlines.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Responding to queries with regard to recent surge in air ticket prices to and fro Srinagar due to inclement weather, Minister of State for Civil Aviation Jayant Sinha said air ticket prices are competitive and based on market economy.

    “Airline market is based on market economy and there is lot of competition,” he said.

    Citing analysis of available data, Sinha said the prices being set in the airline market are competitive and “no violation” has been observed which can be called as anti-competitive behaviour.

    He said research and analysis of airfares are done to to check predatory pricing.

    Full Content: Indian Express

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.